Synthomer (LON:SYNT) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Synthomer plc (LON:SYNT) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 120.07 ($1.64) and traded as low as GBX 96 ($1.31). Synthomer shares last traded at GBX 96.90 ($1.32), with a volume of 313,917 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut shares of Synthomer to a “hold” rating and decreased their price objective for the company from GBX 230 ($3.14) to GBX 150 ($2.05) in a research report on Wednesday, March 12th.

Synthomer Price Performance

The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The business has a 50-day simple moving average of GBX 103.50 and a 200 day simple moving average of GBX 120.07. The firm has a market cap of £158.89 million, a P/E ratio of -1.94, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.